If corn and wheat are alternative pursuits for a farmer, a change in the supply of corn will take place when, ceteris paribus,
A. The price of wheat changes.
B. The demand for corn changes.
C. Consumers want to buy more corn at the same price.
D. The price of corn changes.
Answer: A
You might also like to view...
What best describes state fiscal experience in the late 1920s and early 1930s?
a. Revenues dropped consistently through the period because less was being produced. b. State spending decreased through the period c. The growth in state expenditures exceeded the growth of federal expenditures during the same period. d. States either ran budget surpluses or fairly small deficits.
Which of the following is a characteristic of a good research paper?
A. A good research paper should contain a review of relevant literature. B. A good research paper should not have any published precedents. C. A good research paper should always be useful for policy implications. D. A good research paper should have more than one author.